01620cas a2200241 a 4500 AALejournalIMF005055 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451824179 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Lithuania : Selected Issues. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (39 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimated the output gap in Lithuania using three different methodologies-an HP filter, a panel regression, and a production function. This study examines how the levels of the current account deficit and the real exchange rate in Lithuania compare with estimates of their equilibrium values. The regression-based estimates are sensitive to the regression specifications and samples that determine equilibrium values. The large current account deficit in Lithuania may well be the equilibrium outcome of rapid income catch-up driven by strong fundamentals, including EU accession. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/140 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/140/002.2008.issue-140-en.xml IMF e-Library